Measuring Success: Research, Innovation and Economic Development pillar
Metric: Commercialization
Our legal system rewards the creators of new knowledge and spurs innovation by giving the creators of the knowledge certain legal rights protecting their efforts. Patents and license agreements are important examples of such legal rights, this metric adds up the number of those each year.
Date Definition: Commercialization of institutional intellectual property assets creates opportunities for improving society. The process of commercialization includes the protection of assets via patenting for licensing. Measures of those patenting and licensing metrics are included here.
